Globalscape reports second-highest quarterly revenue

Updated 6:30 pm, Wednesday, November 5, 2014

Local software company Globalscape on Wednesday reported the second-highest quarterly revenue in company history.

Globalscape recorded $6.5 million in revenue in the quarter that ended Sept. 30, a 2 percent increase from the same time last year.

Revenue for the first nine months of 2014 was $18.9 million, the highest three-consecutive-quarter revenue in company history. The amount was a 4 percent increase over comparable revenue for the first nine months of 2013.

The company’s net income came in at $782,000, down from $2.3 million for the third quarter of 2013. James Albrecht, the company’s chief financial officer, said 2013’s higher income benefited from an “infrequent item.”